Form 4: Xometry President Reports RSU Vesting, Tax-Related Stock Sales

Xometry President Sanjeev Singh Sahni reported the vesting of performance-based restricted stock units and subsequent sales of Class A Common Stock to cover tax obligations.

Summary

• Sanjeev Singh Sahni, President of Xometry, Inc., reported changes in his beneficial ownership of Class A Common Stock.
• On February 24, 2026, 59,870 restricted stock units (RSUs) vested, which were granted in March 2025 based on 2025 performance.
• One-third of these vested shares became immediately available on February 24, 2026, with the remaining shares vesting in equal installments on February 24, 2027, and February 24, 2028, contingent on continuous service.
• On February 26, 2026, Mr. Sahni sold a total of 9,978 shares of Class A Common Stock in multiple transactions.
• These sales were executed automatically under a Rule 10b5-1 trading plan adopted at least 90 days prior to the trading date.
• The purpose of these sales was to cover tax withholding obligations associated with the RSU vesting.
• The shares were sold at weighted average prices ranging from $41.4548 to $44.377.
• Following these transactions, Mr. Sahni beneficially owns 113,022 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as slightly positive due to the successful vesting of performance-based RSUs, indicating achieved company performance. The subsequent tax-related sales are a routine and expected event for executive compensation.

Positives

• The vesting of 59,870 restricted stock units indicates the achievement of performance-based conditions for 2025, reflecting positively on company and management performance.
• The existence of a Rule 10b5-1 trading plan demonstrates pre-planned and transparent insider trading practices.

Negatives

• The sale of 9,978 shares by a key executive, even for tax purposes, represents a reduction in direct insider ownership.

Future Outlook

No specific forward-looking statements or guidance are provided in this Form 4 filing beyond the scheduled future vesting dates for restricted stock units.

Industry Context

StockSavvy.ai notes that insider transactions, such as those reported in Form 4 filings, are common occurrences for executives receiving equity compensation. The use of a Rule 10b5-1 plan for sales to cover tax obligations is a standard practice designed to provide an affirmative defense against insider trading allegations, indicating a pre-planned and transparent approach to managing equity awards.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive compensation and stock ownership changes. The sale of shares for tax purposes is a routine event and not indicative of a lack of confidence.
• Employees: The vesting of performance-based RSUs for a key executive may signal positive company performance, potentially boosting morale.

Next Steps

• Future vesting of remaining restricted stock units on February 24, 2027, and February 24, 2028, subject to continuous service.

Key Dates

Keywords

Xometry, XMTR, Sanjeev Singh Sahni, Insider Trading, Form 4, Restricted Stock Units, RSU Vesting, Stock Sales, Rule 10b5-1, Executive Compensation